FoxconnThe large investment and increase in India is further evidence of the huge attractiveness of the Indian market. According to the data, about 14% of the world's this yeariphoneIt is produced in India and is expected to increase to 25% next year. This is not only because India, as the second most populous country in the world, has a huge consumer market, but also because of India's support for local industries. However, forFoxconnThe Indian market has not been all smooth sailing. Facing India'sTariffspolicy with various obstacles,FoxconnI had to keep dealing with challenges.
Tata GroupAs India's largest conglomerate, it has surfaced in the competition in the Indian market. In October this year, the group wholly acquired Wistron Information Communication's subsidiary in IndiaiphoneThe assembly department became the first Indian local company to enter the fruit chain strongly. This acquisition is undoubtedly a moveTata GroupRightApplesThe further expansion and development of the industrial chain has made itFoxconnFacing more fierce competition in the Indian market.
While the Indian market is huge, its complexity cannot be overlooked. India has an ambivalent attitude towards foreign goods, wanting good goods but not wanting foreigners to make money. Especially for:iphoneand other high-end consumer goods, India's ** has implemented a high priceTariffspolicy to encourage domestic consumers to buy domestic mobile phones. ApplesIn order to expand sales in India, the company had to relocate its production line to India to avoid high costsTariffsPolicy Restrictions. However, production in India has not been without its challengesFoxconnIt has faced a series of problems, such as difficulties in building factories and low yield rates. These problems also make:ApplesForFoxconnThe faith was shaken.
withFoxconnDifferent,Tata GroupIt is a true business consortium with deep roots and resource advantages in India. Founded in 1868Tata Group, is the absolute master of multiple industries in India, employing more than 1 million people. Due to its strong strength and experience,Tata GroupAble to provide a wide range of support and services toApples, including opening in IndiaApplesSpecialty stores, etc. Comparatively,FoxconnIt's just a foundry and doesn't have the same withTata Groupcompared to the overall strength.
Terry GouPreviously said that he wanted to give Chinese food to eat, but in the competition in the Indian market,FoxconnIt's not the only option. ApplesSelect withTata Groupcooperation, further weakenedFoxconnstatus. Terry GouThere are many difficulties and challenges when dealing with the Indian market. If he can't clearly recognize his competitive advantage and make changes accordinglyFoxconnThe status is likely to slip further.
To sum up, the rise of the Tata Group and the complexity of the Indian market have made itFoxconnFacing more fierce competition in the Indian market. At the same time,FoxconnIt is also necessary to recognize its own competitive advantages and make corresponding adjustments and changes to maintain its leading position in the Indian market.